CMB Sets Principles for Banks' Intermediation in Overseas Order Transmission

The Capital Markets Board (CMB) has announced new regulations regarding banks' order transmission and intermediation activities in overseas markets. In this context, the principles that banks must comply with in their services to foreign investors have been clarified. The regulation sets standards for processes such as customer identification, risk management, and reporting in banks' overseas order transmission. With this step, the CMB aims to increase transparency in financial markets and strengthen investor protection. The new principles require banks to work in harmony with authorized institutions in their overseas intermediation activities. Additionally, additional measures must be taken regarding the security of systems used in order transmission and data privacy. This regulation by the CMB serves as an important guide, especially for banks providing access to overseas markets. Experts note that this step could enhance the international competitiveness of the Turkish banking sector. This is not investment advice.